ekiledjianMar 17, 2023
US banks secure $164.8B in Fed's backstop funds, signalling potential stress. Regulators seize Silicon Valley & Signature Banks. Record borrowing surpasses 2008 crisis levels. #BankingStress #FedFunds #RecordBorrowing #Economy #Finance https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed?leadSource=uverify%20wall
Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity

Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.

Bloomberg